How do you turn cash flow positive?

Okay, so you wanna know how to get your business outta the red and into the black, huh? I get it! It’s like trying to juggle chainsaws sometimes. Let me tell you, turning cash flow positive is the goal, right?

Okay, so here’s a simple trick that really helped me back when I was starting my little bakery (yeah, before I sold it and moved on to… well, never you mind!). You absolutely need to embrace electronic payments. I mean, who even uses checks anymore, right?

Think about it: paying bills electronically, and strategically scheduling them for the exact due date, is key. Why? Because it’s like hoarding all your pennies till the very last second. You’re maximizing the amount of cash you have on hand for as long as possible. You can use that money for better things than letting it sit in your checking account just waiting for bill collectors.

And speaking of maximizing, let’s talk business credit cards. Now, I know some people are scared of credit cards, but used responsibly, they can be a lifesaver! Specifically, cards with grace periods are like little interest-free loans. You get to use the money, pay it back within the grace period, and bam! You’ve essentially extended your payment window. Plus, some cards even offer cashback rewards! Hello? Free money! I remember when I used my cashback to buy a fancy new stand mixer… felt like I was cheating the system, lol.

Look, it might sound simple, but trust me, these little changes can make a HUGE difference. It’s all about being smart with your money and making it work for you, not the other way around. Does that make sense? I hope it does! Good luck turning that cash flow around! You got this!